NEW YORK, April 6, 2017 /PRNewswire/ -- S&P
SmallCap 600 constituent United Bankshares Inc. (NASD: UBSI) will
replace The WhiteWave Foods Co. (NYSE: WWAV) in the S&P MidCap
400, and Oclaro Inc. (NASD: OCLR) will replace United Bankshares in
the S&P SmallCap 600 effective prior to the open on
Wednesday, April 12. Danone SA is
acquiring WhiteWave Foods in a deal expected to be completed on or
about that date pending final conditions.
United Bankshares provides commercial and retail banking
services and products. Headquartered in Charleston, WV, the company will be added to
the S&P MidCap 400 GICS (Global Industry Classification
Standard) Regional Banks Sub-Industry index.
Oclaro designs, manufactures, and markets lasers and optical
components, modules, and subsystems. Headquartered in San Jose, CA, the company will be added to the
S&P SmallCap 600 GICS Communications Equipment Sub-Industry
Index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – APRIL 12, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
United
Bankshares
|
Financials
|
Regional
Banks
|
|
DELETED
|
WhiteWave
Foods
|
Consumer
Staples
|
Packaged Foods &
Meats
|
|
S&P SMALLCAP
600 INDEX – APRIL 12, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Oclaro
|
Information
Technology
|
Communications
Equipment
|
|
DELETED
|
United
Bankshares
|
Financials
|
Regional
Banks
|
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SOURCE S&P Dow Jones Indices